Vanguard Morningstar Mid-Cap Value ETF
$200.54−0.81 (−0.40%)
- Expense ratio
- 0.05%
- Fund size
- $39.0B
- 1Y return
- +19.0%
- Yield · Last 12 months
- 1.85%
- Holdings
- 186
- Volume · 30D
- 0.3M sh
- NAV per share
- $201.31
- 52W range
The ETF.net VOE Grade
Score 77 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 87Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 96Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 63Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 49Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 64Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 85Category rank
Our read on VOE
AThe value aisle is stacked with large-cap funds. VOE works the middle of the market instead: roughly 190 mid-cap US value stocks, picked by CRSP's five-factor cheapness screen, at five basis points.
The fund seeks to track the CRSP US Mid Cap Value Index through passive, full replication of its U.S. mid-cap value equity holdings and remains fully invested.
Why people hold it
- Five basis points a year, against a cohort median of 0.18%. Under a third of what the typical US value ETF charges.
- Mid-cap value is the slot most value funds skip. The other heavyweights on this shelf (VTV, SCHV, IUSV) fish mainly in large caps.
- Full replication: it buys the index outright rather than sampling it, and has tracked that index very closely.workplace.vanguard.com
- Trading since 2006 and now a multi-billion-dollar fund, run as an ETF share class of Vanguard's mid-cap value index fund.workplace.vanguard.com
Worth knowing
- Mid-caps swing wider than large caps, so this is the bumpier seat among the value ETFs it sits beside, most of which lean large.
- CRSP scores stocks on both value and growth and can split a name across the two, so some holdings also appear in the mid-cap growth index.crsp.com
- The screen is price-based (book, earnings, dividends and sales to price), not quality. Cheap-looking cyclicals come with the territory.crsp.com
VOE Holdings
- Stocks
- 186
- 14%
- MPC
Sectors
- Financials19.4%
- Industrials14.0%
- Energy12.7%
- Utilities11.9%
- Technology7.9%
- Cons. Staples7.6%
- Health Care7.4%
- Consumer Discr.6.0%
- Real Estate5.8%
- Materials5.5%
- Communication1.9%
Geography
- United States95.49%
- Ireland3.30%
- Bermuda0.54%
- United Kingdom0.53%
- Netherlands0.14%
VOE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | VOE |
|---|---|
| Year to date | +14.7% |
| 1 month | −3.5% |
| 3 months | +2.7% |
| 1 year | +19.0% |
| 3 years | +17.4% |
| 5 years | +9.9% |
| 10 years | +10.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | VOE |
|---|---|---|
| 2026 YTD | +14.7% | |
| 2025 | +12.1% | |
| 2024 | +14.0% | |
| 2023 | +9.9% | |
| 2022 | −8.0% | |
| 2021 | +28.8% | |
| 2020 | +2.6% |
VOE in the news
ETF.net Research hasn’t filed on VOE yet — coverage lands here as it’s written.
VOE Dividends
- 1.85%
- $3.72
- $0.92 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 26, 2026 | Jun 30, 2026 | $0.92 |
| Mar 27, 2026 | Mar 31, 2026 | $1.00 |
| Dec 22, 2025 | Dec 24, 2025 | $0.93 |
| Sep 29, 2025 | Oct 1, 2025 | $0.87 |
| Jun 30, 2025 | Jul 2, 2025 | $0.86 |
| Mar 27, 2025 | Mar 31, 2025 | $1.05 |
| Dec 23, 2024 | Dec 26, 2024 | $1.00 |
| Sep 26, 2024 | Sep 30, 2024 | $0.80 |
| Jun 27, 2024 | Jul 1, 2024 | $0.88 |
| Mar 21, 2024 | Mar 26, 2024 | $0.73 |
| Dec 21, 2023 | Dec 27, 2023 | $1.11 |
| Sep 21, 2023 | Sep 26, 2023 | $0.72 |
VOE Risk
- 13.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.92
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.76
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
VOE Cost
- The middle half of US Value Index funds
- Median 0.20%
4 of the 41 US Value Index funds charge less.